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A Giant Energy Utility in the U.S., PG&E Said to Plan Bankruptcy Notice to Workers As Soon As Monday
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[quote:Terrebonne:MV8zOTU3NDgxXzcxNTM5MzIwX0JDOTIzQ0FG] [quote:FissionSurplus:MV8zOTU3NDgxXzcxNTM4NzE1XzU4NjA1NDVB] PG&E is a company who's malfeasance and pollution record are well known. They got too big for their britches. I don't necessarily believe them to be the cause of the Camp Fire, I think the Rothchilds are taking one for the team with their company. Rolling brown-outs and super high prices made me detest them when they were my power company...as if I had a choice. Made me think of this clip: [youtube]https://www.youtube.com/watch?v=5Jdk3riKKwo[/youtube] [/quote] I remember when this happened, from the video. My Aunt was living in Hinkley during that time. A few years later she died of cancer. :sigh: . [/quote]
Original Message
PG&E Corp., the California utility giant facing billions of dollars in wildfire liabilities, may notify employees as soon as Monday that it’s preparing a potential bankruptcy filing, according to people familiar with the situation.
The San Francisco-based utility owner is planning to send the notice to fulfill a state law that requires the company to alert workers at least 15 days before a change of control, said the people, asking not to be identified because the information isn’t public. The notice wouldn’t necessarily make a bankruptcy filing certain and the company could still decide not to if its situation changes, one of the people said.
PG&E declined to provide a statement, saying the company doesn’t comment on rumor or speculation.
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link to www.bloomberg.com (secure)
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